#IsraelIranConflict Around 28,000 Bitcoin options contracts will expire on Friday, June 13, and they have a notional value of roughly $3 billion.
This event is very similar to last week’s options expiry, so the impact on spot markets is likely to be minimal. They have already tanked by more than 7% over the past 24 hours.
Bitcoin Options Expiry
This week’s batch of Bitcoin options contracts has a put/call ratio of 0.95, meaning that the longs and short sellers are pretty evenly matched. There is also a max pain point of $107,000, around $3,000 above current spot prices, which is where most losses will be made on contract expiry.
Open interest (OI), or the value or number of BTC options contracts yet to expire, is highest at strike prices between $110,000 and $140,000, with more than $1.5 billion at each price, as bullish speculators remain confident, according to Deribit.
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